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Honda plans $3 billion Ohio plant for hybrid vehicles

The new factory will add 2,000 jobs and is due to begin production in 2029, with capacity to build 240,000 vehicles annually.

Vehicle assembly line inside an automotive factory
Photo: CNA

Honda Motor announced on November 9 that it would build a $3 billion hybrid vehicle factory in central Ohio, adding 2,000 jobs. The Japanese automaker said production would begin in 2029.

The factory's annual output capacity will be 240,000 vehicles, Honda said. With the addition, the company will have capacity to manufacture 1.3 million vehicles annually in the United States and 1.9 million across North America.

Honda's broader investment plans include Alabama manufacturing for a new V6 hybrid engine and changes to an Ohio engine facility to produce a new four-cylinder engine. The company also intends to refit transmission factories in Georgia and Ohio and resume engine manufacturing in Ontario.

In May, Honda outlined plans for 15 new hybrid models across its Honda and Acura brands worldwide by 2030. It also said it would drop its EV sales goals and indefinitely suspended an $11 billion Canadian EV project as part of a $9 billion EV writedown.

The announcement comes as several foreign automakers have unveiled major investments while facing tariffs imposed by President Donald Trump's administration.

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About the author

Lucas Almeida

Companies and Deals Editor

Edits and reviews corporate news (earnings, leadership changes, layoffs, product launches) and deal news (IPOs, mergers and acquisitions, buyouts and funding rounds).